Akbank has launched a new phase in its credit underwriting processes through an e-ledger data integration in collaboration with the Credit Bureau of Turkey (KKB), enhancing both speed and accuracy. By eliminating manual document workflows, the new system simplifies access to financing for small and medium-sized enterprises (SMEs) while reinforcing a data-driven decision-making model in banking.
Through its integration with the Credit Bureau of Turkey, Akbank has built a digital infrastructure that enables it to securely receive and process customers’ e-ledger data. The new solution removes the manual steps businesses traditionally follow to compile and submit financial documents to the bank, accelerating credit underwriting and improving data accuracy. SME customers that grant consent to share their records with the Bank can benefit from the service.
With this application, SMEs no longer need to prepare and submit financial statements separately; instead, they can securely share their financial data digitally. As a result, credit applications and financial reviews are completed more quickly, while reducing operational burden for credit process.
With this innovation, Akbank moves beyond its role as a traditional lender. By gaining deeper visibility into customers’ financial positions, the Bank is able to offer more targeted, value-added, and customized financial solutions tailored to the needs of SMEs. In doing so, Akbank strengthens its role as a trusted advisor and strategic partner supporting the growth journey of small and medium-sized enterprises.
Alper Bektaş, Executive Vice President of SME Banking at Akbank, commented on the integration: “Through our e-ledger integration with the Credit Bureau of Turkey, we are able to generate clearer financial analyses and make more informed underwriting decisions based on real-time data. This strengthens our risk assessment capabilities while enabling SMEs to access financing in a faster, more efficient, and more reliable manner. As a pioneering initiative in its field, this solution also supports the broader adoption of data-driven decision-making across the SME banking segment. We will continue to stand by companies through innovations like this.”
Erşan Rasim Hoşrik, Executive Vice President of Sales, Operations, and Product Development at the Credit Bureau of Turkey, added: “The e-ledger integration eliminates one of the primary challenges SMEs face in accessing financing: the repetitive burden of preparing and resubmitting documentation. With the consent of companies, we enable financial data to be shared securely and in a standardized format with banks. This allows SMEs to focus on growing their operations instead of recreating the same information for each application, while banks can conduct risk assessments using up-to-date and verified data. This marks a significant milestone for data-driven decision-making within the SME segment of the financial ecosystem. We will continue to collaborate with all stakeholders to expand these integrations.” Through the e-ledger integration implemented in partnership with the Credit Bureau of Turkey, Akbank aims to streamline financing processes and contribute to the sustainable growth of small and medium-sized enterprises.